# Fees

Use fees for accounting purposes. Fees help you to record costs associated with transactions, and also help to you manage corresponding balance transactions. For example, you may record fees that are associated with a particular payment gateway. Each time the payment gateway processes a sales transaction, the corresponding balance transaction is automatically recorded to your accounts. To view balance transactions, see [View balance transactions](/docs/data-tables/manage-payments#view-balance-transactions). For more information, see [Balance transactions](/docs/dev-docs/balance-transactions).

Fee settlement settings are evaluated in the following order:

- Fee settlement settings override the settlement settings of the gateway account that processes the transaction.
- If [fee settlement settings](#create-a-fee) are not defined, gateway account financial settings are used.
- If both gateway account [financial settings](/docs/settings/manage-payment-gateways#configure-financial-settings) and [fee settlement settings](#create-a-fee) are not defined, the amount is immediately settled in the merchant's reporting currency.


## Create a fee

Use this process to create fees.

1. In the left navigation bar, press .
2. In the **Configuration** section, press **Fees**.
3. On the right of the screen, press **Create fee**.
To clone information from an existing fee, choose a fee, then press  **Clone fee**.
4. In the **Name** field, enter the fee name.
5. In the **Type** field, select the type of fee.
6. Optionally, to add filters to determine which transactions the fee applies to, press **Add filters**.
7. In the **Fee formula** dropdown, select one of the following:
  - **Fixed fee**: Use this fee formula when the fee is a fixed amount regardless of the transaction amount.
    1. Select a currency and enter the fee amount.
    2. Press **Save**.
  - **Percentage**: Use this fee formula when the fee is calculated as a percentage of the transaction amount.
    1. Select a currency.
    2. In the **Bips** (Basis points) field, enter a value.
    3. Optionally, to select rounding mode, press the **Round** dropdown and select one of the following:
      - **Regular:** This is the default option. Examples: $0.011 becomes $0.01, $0.019 becomes $0.02, $0.015 becomes 0.02.
      - **Up (Ceiling):** Examples: $0.011 becomes $0.02, $0.019 becomes $0.02.
      - **Down (Floor):** Examples: $0.011 becomes $0.01, $0.019 becomes $0.01.
    4. Optionally, in the **Min. Amount** field, enter a value. This is the minimum fee amount that is always applicable when the calculated amount is less than this minimum amount.
8. Optionally, to activate settlement settings, turn on the **Settlement settings** toggle and complete the following:
  1. In the **Settlement currency** dropdown, select a currency.
  2. In the **Settlement method** section, select from the following:
    - Schedule when balance transactions are settled:
      1. Select the **Date-interval** method and specify the duration.
      2. Optionally, to more accurately schedule when settlements funds are settled, select **Set period anchor** and select one of the following:
        - **Day Of Month**: Select a day of the month and time.
        - **Day Of Week**: Select a week, day of the week, and time.
    - Settle balance transactions immediately: Select the **Immediately** method.
  3. Optionally, to configure advanced settings, turn on the **Advanced settings** toggle and complete the following:
    1. Press **Add filters** and specify which transactions the settlement settings apply to. These settings override the default fee settlement settings.
    2. In the **Settlement settings** dropdown, select a currency.
    3. In the **Settlement method** section, select from the following:
      - Schedule when balance transactions are settled:
        1. Select the **Date-interval** method and specify the duration.
        2. Optionally, to more accurately schedule when settlements funds are settled, select **Set period anchor** and select one of the following:
          - **Day Of Month**: Select day of the month and optional time.
          - **Day Of Week**: Select week, day of the week, and optional time.
      - Settle balance transactions immediately: Select the **Immediately** method.
    4. Optionally, to add one more advanced setting press **Add advanced settlement setting**.
9. Press **Save fee**.


## Manage fees

Use this process clone, edit, or delete fees.

1. In the left navigation bar, press .
2. In the **Configuration** section, press **Fees**.
3. In the **Name** column, press a fee.
4. Select from the following:
  - Clone a fee: On the right of a fee, press .
  - Edit a fee: On the right of a fee, press .
  - Delete a fee: On the right of a fee, press .


## Related topics

- [Balance transactions](/docs/dev-docs/balance-transactions)
- [Configure balance transactions](/docs/settings/manage-payment-gateways#configure-financial-settings)
- [View balance transactions](/docs/data-tables/manage-payments#view-balance-transactions)